anyone went to Australia and use cc recently. they have started implementing pin number for credit card purchase but exception is given to overseas issued credit card. i however are not sure, how the merchant differentiate between local and overseas card and what we suppose to do if they ask for pin etc. previously i have one experience buying something from a self-kiosk in swiss and need to put the last 4 digits of our card number as the pin

This post has been edited by cenkudu: Nov 12 2014, 06:46 AM

You are right that Australia credit cards users nowadays need PIN to transact BUT for overseas cards no need pin, just ask the cashier to select CREDIT ((or sometimes you have to press the key on the terminal yourself) and the slip will be automatically printed, just sign on it. Now if your credit card has Paywave or Pay Pass feature, for transaction below AUD100, no need pin/signature - that's why I don't like card with Paywave/PayPass, no security.


To ALL:

Recently I published my annual Credit Card Ultimate Showdown 2015 at my blog.



Click here to see read about The Best Top 10 Credit Cards in Malaysia for 2015.

Wait, what...no Aeon Watami card?

Hahaha. Bro, I specifically mentioned I selected 28 credit cards issued by commercial and foreign banks.

As for Watami Card, I did highlight those who are after cash back cards should refer to my article titled The Best Cash Back Credit Card Combination So for those who don't read it, let the Watami Card be a gem hidden to be discovered

This post has been edited by Gen-X: Nov 12 2014, 11:12 AM

haha okay..glad to note my card still in no 2 position

May I know the procedure? normal application need to fill the form together with salary slip/epf.
How about fd?

top 5 all related to mbb.

I am wondering if someone can help me out. I am in a unique position in the sense that I have a long term independent contract with my Malaysian employer. Because of the nature of the contract we've agreed not to pay EPF. I'm not planning to retire in Malaysia anyways.

I invoice them every month and get my wages credited to Maybank account. For this particular income, it is lower than LHDN's requirement for income tax so I don't pay any. My other income are offshore, so I don't pay income tax either.

My rental is paid for by my employer but the amount is deducted from the salary that is credited to my account. I just spoke to a Maybank rep who told me that when they check my bank activity, it doesn't qualify me for the card that I was enquiring for. So I told her I can get my employer to credit the full amount of my salary to my bank account for 3 months just to prove to them that my salary is above the minimum requirements for the card. Besides I have a service contract and payment slips that clearly states the full amount of my salary before my rental is deducted.

I can't read the rep's mind but by her tone, I can tell she has already disqualified me and she is just sending me the application forms to get me off the phone.

Are there any banks who would consider applications of people in my situation? I mostly freelance, so I have multiple sources of income but locally, my non-EPF and non-taxable income is credited after deducting my rental that is paid for by my employer. If need be, I can ask my employer to transfer me my full salary just for 3 - 6 months to prove to banks of my actual salary but do I really need to go through all that hassle? Why won't salary slips and service contracts be enough as proof of my disposable income?

I am wondering if anybody else is in my situation and how to go about applying for a credit card if we're stuck in our shoes?

This post has been edited by Tutter: Nov 12 2014, 06:42 PM

you may try to pledge with fd...

Thanks for reading my longish post.

By pledging with Fixed Deposit you mean? Does that better my chances of getting a CC?

means you open and FD account with let say RM10k, then pledge it to get a credit card with RM10k credit line
as long as your card is active, you cannot withdraw the FD

Okie dokie.

Okay, last question, if you don't mind, because my friend just brought this up to me. He said that he also had a similar experience with Maybank's rep but it could be a language barrier thing. He said after getting his friend to speak with the rep in melei, problem solved.

The rep I spoke to had a melei sounding name but I spoke in English. When I had to repeat myself a couple of times, I tried to explain my situation in melei but when she noticed I was struggling, she spoke in English. So yah, I think chicken and ducks talking to each other would be laughing at us!

Can I just ask, if you're calling bank's customer service for enquiries, is it better to be speaking in melei? Any bank with non-melei speaking customer service? I am just worried my melei is not fluent enough to explain my income situation.

it is best to speak in the language you are familiar with. as a customer, they need to suit to your needs. and of course, if you can speak several languages fluently, then it is better to use the language that the other party can understand (you suit to them). by right, a customer service officer must at least master both english and bm languages.

You don't say, ha-ha.

Big thank you to everyone who responded. You guys are superstars!

Guys, I need some help. I have 2 cards. RHB with 20k limit and a UOB with 10k limit.

I need to overhaul my car engine and the cost is comng up to 15k. I cant afford this cost in the sense of throwing the cash upfront which is a significant chunk from my savings.

My thought is if I can convert this amount into monthly installment of 12 month, which bank do you think is the best? I am trying to reduce the installment. RHB claims their installment plan is 0 interest but im concern its only for a few category.

Also, can I swipe 15k first and bank in 50% ie 8k into the card and convert the remaining outstanding via installment plan?


Help and guide is needed from all the CC sifu. I really need help please

Hi. I would like to ask simple question. I would like to purchase personal insurance for myself. I would like to pay it using cc. My agent suggested to me, pay using easy pay for 1 year.

Lets say monthly cost for insurance is RM200. 1 year equal to RM2400.

Is there any hidden cost if using easy pay? Can I really pay RM200/month like normal without additional cost?

Thx.

Should be no problem unless ur bank charges you interest.

usually if you pay yearly, your premium is lower. if your insurance monthly is rm200, then your yearly is lower than rm2,400. so it's better to pay yearly.

Should be no interest as per what agent said. I just want to verify it here

I see. Thanks!

Based on my guess (your insurance is investment-linked)
1) Whether you choose to pay annual or monthly mode… your insurance premium is still RM2.4k annual or RM200 monthly. Given the nature of the investment-linked insurance itself, there are advantage and disadvantage of yearly vs monthly payment.
2) The agent mentioned easy pay at 0% probably it’s the arrangement between the bank and the insurance company. But get some black and white that says 0%. I’m sceptical about agents. Motive here is want to close and lock-in sales asap that they are pushing for yearly payment. Not to mention it’s already year-end.

I don’t know what company or what insurance plan or what easy payment is really being mentioned to comment further.